Dream11 to shut real money gaming operations, focus on alternatives, says report
According to Entrackr, Fantasy Gaming Major Dream11’s mother -of -the -Indian Dream Sports reported that India’s new online game bill 2025 was reported to be preparing to close real Money Game (RMG) operations.
Livemint reached the company looking for an official statement in the report and avoided commenting Dream11.
Sources speaking with the publication, the personnel on August 20 through an internal municipal building was informed about the decision to close real money game operations, he said. RMG also contributed to more than 67 percent of Dream Sports’ annual revenues.
Dream11 Are you going to other ways?
The Intrackr report showed another resource, saying that Dream11 would switch from RMG to expansion and instead will switch to unreal money options such as Sportz Drip and Fancode. In addition, it is reported that Focus will go to expanding other investments and overseas markets such as Willow TV and Cricbuzz.
“The company is also likely to discover new game formats for overseas markets, similar to the strategy adopted by Mobile Premier League (MPL).
This source added that the effect of the RMG section will have a fluctuation effect and that the RMG enterprise will trigger serious cost -cutting measures, including the mass layoffs, because the company uses most of the labor force.
Parliament forbids all kinds of online money game
On August 21st, Rajya Sabha approved the online game invoice in 2025 and sealed the agreement of the Indian government’s agreement that prohibits all kinds of online money games in the country. The bill was approved by Lok Sabha on August 20.
The draft ‘Online Game Law, the introduction and regulation of 2025 was presented by the Minister of Union Electronics in the Upper Assembly, and the legislation will support two -thirds of the online game segment, but will prohibit online money games that have become a major problem for society, especially for the middle class youth ”.
“There is addiction. The family’s savings disappear. 45 Crore is estimated to be sacrificed. La20,000 Crore, the difficult -earned money of our middle class families, was destroyed. ”
In addition to online real money games, the invoice aims to ban ads related to such games and enables banks and financial institutions to facilitate or transfer funds for any of these games.
What is online money games? What does the draft predict?
Online money games, money -making money and other awards are played with the expectation of money.
